Category: Stock Market

The James Hardie Industries plc (ASX: JHX) share price will be on watch on Friday morning.

This follows news that there has been a surprise and immediate change in the building products company’s leadership.

Why is the James Hardie share price on watch?

The James Hardie share price will be on watch this morning after it announced the exit of its Chief Executive Officer (CEO), Jack Truong, with immediate effect.

According to the release, Mr Truong has had his employment terminated with immediate effect after employees raised concerns about his work-related interactions. The release explains that the James Hardie Board undertook extensive due diligence, which included retaining outside counsel and a third-party consultant. It also provided opportunities and support for sincere change in Mr Truong’s behaviour.

However, based on additional employee complaints, the Board undertook further due diligence, including further support from a third-party consultant. After which, the Board ultimately concluded that Mr Truong’s conduct, while not discriminatory, extensively and materially breached the James Hardie Code of Conduct.

The James Hardie Board advised that it took this action to uphold the company’s core values, which include Operating with Respect, and to maintain continuity of the management team that has been instrumental in its transformation.

What now?

James Hardie has appointed Harold Wiens as its Interim CEO. He has been an independent non-executive director since May 2020 following a career with 3M Company where he led several of its largest business segments based in the United States, Asia and Europe.

Mr Wiens commented: “It is a pleasure to join such a deep and talented leadership team, which I have worked with and admired for their professionalism, strategic thinking and strong execution since I became a Board member.”

Earnings guidance upgraded

Something that could support the James Hardie share price today is news that it is upgrading its guidance for FY 2022.

Management now expects FY 2022 adjusted net income to be between US$605 million and US$625 million, compared to the prior guidance of US$580 million and US$600 million. This new guidance represents an increase of 32% to 36.5% over the US$458.0 million recorded in the prior corresponding period.

The post James Hardie (ASX:JHX) share price on watch after CEO kicked out appeared first on The Motley Fool Australia.

More reading

• 2 beaten-up blue chip ASX shares rated as buys
• 2 excellent ASX tech shares to buy after the market meltdown
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• Are Novonix (ASX:NVX) shares a bargain after tumbling 18% since early December?
• Here’s how the BlueScope (ASX:BSL) share price leapt 20% in 2021

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Some blue chip ASX shares have been beaten up in recent weeks and months. But could that mean they have fallen enough to be buys?

Just because a business is large or called a blue chip doesn’t mean that it can’t go through some volatility, as the market has seen with some of the ASX shares that are mentioned below.

However, a decline in a share price can turn a business into an opportunity if it still has long-term potential.

With that in mind, here are two ASX blue chips that could be possibilities after their declines:

TPG Telecom Ltd (ASX: TPG)

TPG is one of the largest telecommunication companies in Australia with brands like TPG, Vodafone and iiNet in its stable.

The TPG and Vodafone Australia businesses went through a long process of trying to merge so that the combined business could better compete with peers like Telstra Corporation Ltd (ASX: TLS).

This merger is expected to lead to significant synergies, give the ability to give better service to customers and provide stronger financial returns to shareholders.

TPG is expecting to beat its 5G rollout target of 85% population coverage in the top six cities in 2021, by reaching the milestone in four additional regions: the Gold Coast, Sunshine Coast, NSW Central Cost and in Wollongong.

The ASX blue chip share is aiming to achieve $70 million of synergies in 2021 thanks to the merger, excluding home wireless and revenue synergies.

It’s also undertaking a review of its telco tower assets. TPG operates a mobile network of 5,800 rooftops and towers and owns the passive infrastructure on around 1,200 of those sites which are predominately in metro areas. It could choose to monetise those assets.

TPG is currently rated as a buy by UBS, with a price target of $7.60. That’s around 30% upside over the next year, if the broker is right. It thinks it offers a 4.4% grossed-up dividend yield for FY22.

JB Hi-Fi Limited (ASX: JBH)

JB Hi-Fi is another major Australian business. It is a major retailer of electronics and home appliances.

The company’s latest sales update, which was for the first quarter of FY22, showed a year on year decline of sales in each of its divisions. JB Hi-Fi Australia sales were down 7.9%, JB Hi-Fi New Zealand sales were down 6.4% and The Good Guys sales were down 6.1%.

However, JB Hi-Fi noted that there had been COVID restrictions impacting the situation and it was continuing to see heightened customer demand and strong sales growth rates over a two-year period.

Some analysts, such as Credit Suisse, were impressed that the first quarter was so strong from the ASX blue chip share.

JB Hi-Fi is focused on generating sustainable long-term growth. The business believes that it has five unique competitive advantages that can help it grow and continue to achieve attractive margins: scale, a low cost operating model, quality store locations, supplier partnerships and a multichannel capability.

The broker Ord Minnett currently rates JB Hi-Fi as a buy, with a price target of $54. It thinks that the retail sector will benefit from ongoing strong consumer spending due to various COVID impacts.

Ord Minnett puts the JB Hi-Fi share price at 13x FY22’s estimated earnings with a projected grossed-up dividend yield of 7.3%.

The post 2 beaten-up blue chip ASX shares rated as buys appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended Telstra Corporation Limited. The Motley Fool Australia has recommended TPG Telecom Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The tech sector was a sea of red on Thursday when panic selling drove the S&P ASX All Technology index a sizeable 5.7% lower.

While this decline is very disappointing, every cloud has a silver lining. On this occasion, the silver lining is that it has dragged some quality ASX shares down to attractive levels.

Two ASX tech shares that could be buys after the selloff are listed below:

Altium Limited (ASX: ALU)

The first ASX tech share to look at is Altium. It is the printed circuit board (PCB) design software provider behind the popular Altium Designer and cloud-based Altium 365 platforms.

As PCBs are found inside almost all electronic devices, demand for Altium’s best in class platform is expected to increase strongly in the future as the Internet of Things and artificial intelligence markets continue their explosive growth. This bodes well for its sales and earnings growth over the next decade.

The team at Jefferies is positive on Altium. It believes the quality and price of Altium’s platform has positioned it well to win a significant share of the enterprise market. Jefferies has a buy rating and $48.83 price target on its shares, which compares to the latest Altium share price of $41.17.

Life360 Inc (ASX: 360)

Another ASX tech share to look at is Life360. It operates in the digital consumer subscription services market with a focus on products and services for digitally native families. Bell Potter is very positive on the company due to its Life360’s freemium model and ability to convert its huge user base (30m+) into paying subscribers. The latter is expected to be boosted by its acquisitions of Jiobit and Tile.

Overall, the broker believes the company is well placed to disrupt the safety and security market and achieve strong top line growth for many years.

Bell Potter has a buy rating and $16.25 price target. This compares very favourably to the latest Life360 share price of $8.39.

The post 2 excellent ASX tech shares to buy after the market meltdown appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro owns Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Altium and Life360, Inc. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Some ASX shares have significant growth plans for the long-term, making them compelling stocks to look at.

Businesses which are re-investing for growth give themselves a useful chance of long-term success.

In the US, the gigantic e-commerce company Amazon has shown how much a business can grow if it invests for many years ahead.

With that in mind, here are two ASX shares planning a lot of growth over the coming years:

Redbubble Ltd (ASX: RBL)

Online retailer Redbubble is one of the ASX tech shares that analysts like at the moment. After a 4% decline of the Redbubble share price on Thursday, it is now down to around $3.

Morgan Stanley has a price target of $6.50, that means Redbubble shares have more than 110% upside, if the broker is right.

The broker thinks that Redbubble can achieve the double digit growth to reach its goal in the long-term.

Redbubble’s goal over the next few years is to achieve $1.5 billion of gross transaction value. That translates to $1.25 billion of marketplace revenue and $250 million for artists for their designs which are printed on quality products like clothes, bags, phone cases and so on. It is keeping its eye out for acquisition opportunities that could help accelerate growth.

The ASX share is going to do a number of things to achieve growth in the shorter-term and then leverage its scale to drive the profit margin higher in the future.

Redbubble is going to work on recruiting more artists and improve its account management. It wants to improve the content and digital experience for both artists and shoppers. The company is going to keep investing in marketing and grow geographically in the future. It also plans to improve the physical experience for customers, as well as launching new products and fulfilment locations. All of this is expected to lead to scale efficiencies.

Excluding mask sales from FY21, Redbubble is expecting its FY22 underlying marketplace revenue to be slightly higher year on year.

Fortescue Metals Group Limited (ASX: FMG)

Fortescue is one of the world’s largest iron ore miners. The iron price has been climbing over the past couple of months, which has been helping the Fortescue share price in recent weeks.

The broker Macquarie Group Ltd (ASX: MQG) currently rates Fortescue shares as a buy, with a price target of $21.

But it’s Fortescue’s Future Industries division that is capturing more headlines and investor interest.

The iron ore miner is transitioning from a pure play iron ore producer to a green renewables and resources company.

It was only a couple of months ago that Fortescue Future Industries (FFI) announced it is going to become the largest supplier of green hydrogen to the UK after signing a “multi-billion-pound deal” with JCB Excavators and Ryze Hydrogen.

FFI said that Jo Bamford, regarded as the UK’s green hydrogen champion, is the founder of Ryze and owner of Wrightbus. Ryze is building the UK’s first network of green hydrogen production plants, while Wrightbus built the world’s first hydrogen double decker.

JCB Chair Lord Bamford has asked FFI to deliver “immediately” what it is able to deliver. JCB and Ryze will purchase 10% of the ASX share’s global green hydrogen production.

FFI’s green hydrogen production is projected to grow to 15 million tonnes of green hydrogen per year by 2030, accelerating to 50 million tonnes per year in the next decade after that.

It was revealed that under the partnership, FFI will lead the green hydrogen production and logistics to the UK market, whilst JCB and Ryze will manage green hydrogen distribution and development of customer demand in the UK.

The post 2 compelling ASX shares that could be buys in January 2022 appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison owns Fortescue Metals Group Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Macquarie Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The BlueScope Steel Limited (ASX: BSL) share price had a ripper 2021 despite the company staying relatively quiet.

In fact, the only time the market heard price-sensitive news from the manufacturer of steel products was whenever it released results or updated earnings guidance.

At the end of 2020, the BlueScope share price was going for $17.48. Come the final session of 2021, the company’s stock finished at $20.90.

That sees it posting a 19.5% gain for the 12-month period. For comparison, the S&P/ASX 200 Index (ASX: XJO) increased 13% over the same period.

Let’s take a closer look at what helped drive the company’s stock last year.

Here’s what drove the BlueScope share price in 2021

The year started off well for BlueScope when it released an exciting update in January.

It announced that its preliminary unaudited earnings before interest and tax (EBIT) for the first half of financial year 2021 was expected to be 11.5% higher than its previous guidance, coming in at around $530 million. The company also provided a positive business update.

The market’s excitement over the profit increase pushed the BlueScope share price 3% higher, and another 2% higher when its preliminary expectations were confirmed the following month.

In February, BlueScope announced its net profit after tax (NPAT) increased 78% over the 6 months ended 31 December, coming in at $330.3 million.

Another profit upgrade boosted the company’s stock in April. Though, its biggest gain came in July when it released its preliminary, unaudited, underlying results for financial year 2021.

The company announced its earnings before interest, tax, depreciation, and amortisation (EBITDA) was expected to be around $1.72 billion. That was confirmed in the company’s official full year results, released in August.

Impressively, the company’s EBITDA ended up being nearly $1 billion more than the bottom of its initial guidance. It was also 207% more than it was in financial year 2020.

As a result, the company announced a 25 cent final dividend and a 19 cent special dividend. It also announced a $500 million share buyback.

The final news to boost the BlueScope share price in 2021 was released in October. Readers may assume it was news of another profit upgrade, and they would be correct.

The company’s stock gained 0.75% when it announced it expects its underlying EBIT for the first half of financial year 2022 to be between $2.1 billion and $2.3 billion – $300 million more than it previously predicted.

The post Here’s how the BlueScope (ASX:BSL) share price leapt 20% in 2021 appeared first on The Motley Fool Australia.

More reading

• Is it a buy? Here’s what brokers are predicting for the BlueScope (ASX:BSL) share price in 2022
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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Shares in battery technology provider Novonix Ltd (ASX: NVX) have sunk almost 18% since 2 December.

But the stock was still, by far, the best performing ASX tech share in 2021.

The Novonix share price rocketed 660%, riding the themes of green energy and the electrification of the motor car to the sunset.

There was daylight second, as the next best, Life360 Inc (ASX: 360), managed “just” a 157% return.

So does this mean now is a golden opportunity to buy Novonix shares?

Not much revenue, certainly no profit yet

The first thing to note is that Novonix is still at a very early stage of business development.

It’s certainly far from making a profit and doesn’t even generate that much revenue for a company with a market capitalisation of more than $5 billion. 

In the 2021 financial year, Novonix reported $5.2 million of revenue. That’s almost a 1000-times valuation-to-sales ratio.

This is why it’s a polarising stock among analysts.

And changes to the Novonix share price are, for now, very dependent on emotion and momentum.

“A profit isn’t expected to be achieved for a few years so it will be incredibly announcement driven,” read a memo from Marcus Today last month.

“Deals with EV [electric vehicle] and tech companies to shore up supply chains likely to drive performance but that will come in dribs and drabs.”

Not sure if Novonix is a bargain yet

The current dip is largely the consequence of an eye-watering 32.4% fall on 3 December.

For the team at Marcus Today, the lack of information behind this descent is worrying.

“An unexplained 34% fall [in early December] should be a bit of a red flag,” the memo read.

“The move has taken some of the froth off the top, which is putting it back in the focus of ‘bargain hunters’.”

Considering these uncertainties, the Marcus Today analysts don’t think investors should be piling in at current price levels.

“The near-term picture doesn’t offer that much of a compelling reason to get involved,” the memo stated.

“Demand for its products is expected to gain momentum but until there are more cash flows, it is hard to value.”

Novonix shares closed Thursday at $9.94, down 6.9% on the day.

The post Are Novonix (ASX:NVX) shares a bargain after tumbling 18% since early December? appeared first on The Motley Fool Australia.

More reading

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• 5 best ASX 200 tech shares of 2021

Motley Fool contributor Tony Yoo owns Life360, Inc. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Life360, Inc. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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Are you interested in bolstering your income portfolio with some dividend shares? If you are, you may want to look at the two listed below.

Here’s what you need to know about these ASX dividend shares:

National Storage REIT (ASX: NSR)

National Storage is a leading self-storage operator with a portfolio of over 210 centres. From these centres, the company provides tailored storage solutions to over 85,000 residential and commercial customers.

While this is a large number, management continues to believe that it has plenty of room to expand its network further in the future.

National Storage’s Chairman, Laurence Brindle, commented at its AGM: “The ownership of self storage centres remains highly fragmented, and we are confident that this pipeline of high-quality storage centres will continue to create acquisition opportunities for the foreseeable future.”

This bodes well for its distribution growth over the long term. For now, though, management is guiding to earnings per share growth of 10% in FY 2022. If its distribution grows in line with its earnings, it will mean a distribution of 9.02 cents per share. Based on the current National Storage share price of $2.62, this would equate to a yield of 3.4%.

Rural Funds Group (ASX: RFF)

Rural Funds is an agricultural real estate investment trust (REIT) that owns a diversified portfolio of Australian agricultural assets. These high qualities are leased to corporate agricultural operators including industry giants such as Select Harvests Limited (ASX: SHV) and Treasury Wine Estates Ltd (ASX: TWE).

The company has also been adding to its portfolio with acquisitions in recent months. This includes the acquisition of cattle and cropping properties and macadamia orchards in Queensland.

Management notes that these acquisitions are consistent with its strategy. This is of acquiring assets with potential for productivity improvements in agricultural sectors it has experience in and that Australia has a comparative advantage.

As for its dividends, management is intending to increase its distribution by its annual target rate of 4% to 11.73 cents per share in FY 2022. Based on the current Rural Funds share price of $3.10, this represents an attractive yield of 3.8%.

The post 2 ASX dividend shares with attractive yields appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns and has recommended RURALFUNDS STAPLED. The Motley Fool Australia has recommended Treasury Wine Estates Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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On Thursday, the S&P/ASX 200 Index (ASX: XJO) had one of its worst days in recent memory. The benchmark index fell 2.7% to 7,358.3 points.

Will the market be able to bounce back from this on Friday? Here are five things to watch:

ASX 200 expected to rebound

The Australian share market looks set to rebound strongly from yesterday’s selloff. According to the latest SPI futures, the ASX 200 is expected to open the day 91 points or 1.25% higher this morning. This follows an improved night of trade on Wall Street, which late on sees the Dow Jones down 0.4%, but the S&P 500 up 0.1% and the Nasdaq up 0.1%.

Tech shares expected to bounce back

It looks set to be a much better day for tech shares such as Afterpay Ltd (ASX: APT) and NEXTDC Ltd (ASX: NXT). With Australian tech shares ultimately falling far more than their US and European counterparts on Thursday, they are being tipped to rebound on Friday.

Oil prices push higher

Energy producers including Santos Ltd (ASX: STO) and Woodside Petroleum Limited (ASX: WPL) could end the week on a positive note after oil prices pushed higher again. According to Bloomberg, the WTI crude oil price is up 1.8% to US$79.26 a barrel and the Brent crude oil price is up 1.35% to US$81.85 a barrel. Oil prices rose amid unrest in Kazakhstan and outages in Libya.

Iron ore prices rise again

The BHP Group Ltd (ASX: BHP) share price and the Rio Tinto Limited (ASX: RIO) share price could end the week on a positive note after the benchmark iron ore price continued its rise. According to Metal Bulletin, the spot benchmark 62% fines iron ore price rose 2.3% to US$128.25 a tonne. However, there are concerns that some of the buying is coming from speculative traders.

Gold price sinks

Gold miners Newcrest Mining Ltd (ASX: NCM) and St Barbara Ltd (ASX: SBM) could have a difficult finish to the week after the gold price slumped. According to CNBC, the spot gold price is down 2.1% to US$1,786.8 an ounce. Traders were selling gold after hawkish signals from the US Federal Reserve.

The post 5 things to watch on the ASX 200 on Friday appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro owns NEXTDC Limited. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Afterpay Limited. The Motley Fool Australia owns and has recommended Afterpay Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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The Australian share market is home to a number of quality companies with solid growth prospects.

Two that have been tipped for robust long term growth are listed below. Here’s why analysts think investors should be buying their shares:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The first growth share to look at is this pizza chain operator. Domino’s has been a highly successful investment over the last 10 years, generating mouth-watering returns for investors.

This has been driven by its strong sales and earnings growth which was underpinned by its store expansion, its investment in technology, and the ongoing popularity of its offering.

The good news is that management isn’t resting on its laurels and continues to target further growth. In fact, the company is aiming to more than double its store footprint 6,650 stores by FY 2033. This compares to 2,949 stores at the end of FY 2021.

Goldman Sachs likes what it sees here and has put a buy rating and $147.00 price target on the company’s shares.

Symbio Holdings Limited (ASX: SYM)

Another ASX growth share that analysts are positive on is Symbio. It is the global communications network and software provider previously known as MNF Group.

Symbio’s communications network and software suite allows some of the world’s leading tech innovators to deliver new-generation communications solutions to their customers. This includes tech giants such as Google, Twilio, and Zoom.

Like Domino’s, it appears well-placed for growth over the long term. This is thanks to favourable tailwinds and its expansion across Asia. In addition, Symbio is sitting on a sizeable cash balance following the asset divestment which prompted the name change. This gives management opportunities to bolster its growth through acquisitions.

Ord Minnett currently has a buy rating and $7.90 price target on Symbio’s shares. Its analysts believe the compnay has a very bright outlook thanks to its large addressable market and strong competitive advantage.

The post 2 quality ASX growth shares tipped as buys appeared first on The Motley Fool Australia.

More reading

• Analysts name 2 exciting ASX growth shares to buy in 2022
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• Domino’s (ASX:DMP) share price dips despite “important” milestone in Japan

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Symbio Holdings Limited. The Motley Fool Australia owns and has recommended Symbio Holdings Limited. The Motley Fool Australia has recommended Dominos Pizza Enterprises Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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At the small end of the Australian share market, there are a number of companies with the potential to grow strongly in the future.

Three that investors may want to get better acquainted with are listed below. Here’s what you need to know about them:

BlueBet Holdings Ltd (ASX: BBT)

The first small cap ASX share to watch is this online sports betting company. Thanks to the increasing popularity of mobile sports betting, BlueBet has been growing at a rapid rate. For example, during the first quarter, the company reported a 63.8% increase in active customers to 39,195 and a 67.4% increase in turnover to $125.9 million. The good news is that management believes it is well positioned to substantially grow its modest market share in Australia and has its eyes on the US market.

Morgans is bullish on BlueBet and has an add rating and $2.60 price target on its shares.

Step One Clothing Limited (ASX: STP)

Another small cap ASX share to watch is Step One. It is a direct-to-consumer online retailer of men’s underwear which raised $81.3 million via an IPO late last year. Some of these funds will be used to support the company’s growth strategies, which include growing Step One’s existing customer base in Australia and the UK and investing in establishing a presence in the enormous US market.

Morgans is positive on Step One despite a recent trading update which fell a touch short of expectations. The broker doesn’t believe its prospects for growth over the long-term are diminished. As a result, its analysts have an add rating and $2.70 price target on its shares

Whispir Ltd (ASX: WSP)

A third and final small cap ASX share to watch is Whispir. It is a software-as-a-service company that provides a communications workflow platform automating interactions between organisations and people. Demand for its offering has been growing strongly over the last couple of years, with a number of blue chips becoming customers. One of those is telco giant Singtel, which is the owner of Optus. Last week it selected Whispir to replace its core SMS notification systems enterprise-wide.

Wilsons is a fan of Whispir and currently has an overweight rating and $4.84 price target on its shares.

The post 3 exciting small cap ASX shares to watch in 2022 appeared first on The Motley Fool Australia.

More reading

• Why Magnis, Pilbara Minerals, Syrah, and Whispir shares are storming higher
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• Why did the Step One Clothing (ASX:STP) share price plummet 34% today?
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns and has recommended Whispir Ltd. The Motley Fool Australia has recommended BlueBet Holdings Ltd and Whispir Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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